GKN and Airbus Continue Talks

25 July 2008

Negotiations between Airbus and GKN for the sale of the Filton Operations continue to make good progress.

Associated A350XWB package negotiations also continue to make good progress.

Given the complexity of both the sale of Filton Operations and the award of associated A350XWB packages, it is difficult to predict when a conclusion may be reached. However, both parties remain optimistic of an early conclusion. Both Airbus and GKN continue to keep key stakeholders, including all affected employees, the Trade Unions and the UK and regional Government agencies, informed of progress